Section ECONOMY
TOPIC

ELVALHALCOR
Supply Chain assessment on Sustainability performance

ElvalHalcor, as part of its strategic pursuit of sustainable partnerships with suppliers and partners, has entered into a partnership with the internationally recognized sustainability assessment platform EcoVadis, through which it assesses its main suppliers.

Supply Chain

Annual assessment monitoring/

Responsible supply chain management is a strategic priority for ElvalHalcor. The Company, having built long term partnerships and trusting relationships with its customers and partners, seeks to work with suppliers who apply responsible sustainable development practices and principles reflected in the «Supplier/Partner Code of Conduct». The company’s goal is to create a resilient and sustainable value chain, having recognized that the most major part of its overall footprint, in sustainability pillars, originates upstream from its supply chain.  

As a result, the company updated its Code of Conduct and communicated it to its business partners and established a collaboration with renowned sustainability platform EcoVadis, in order to have a robust tool to assess and manage all environmental, social and governance risks and opportunities in its global supply chain network.

Until now, many major and critical suppliers have responded and assessed through the platform, further enhancing business partnerships, with important results regarding their performance.

This action is part of the broad and systematic responsible sourcing policy of the company, that includes the Code of Conduct, constant communication regarding ElvalHalcor’s strategy and goals, audits and more. 

Cooperation with EcoVadis (the World's Most Trusted Business Sustainability Ratings).

The policy is implemented by personnel from Purchasing and Sustainability Departments.

Through the EcoVadis platform.

  • Identification of all environmental, social and governance risks and opportunities in supply chain

  • 20 major suppliers already assessed

  • Sustainability assessment coverage of major % of overall spend in supply

  • Robust partnerships creation

  • ESG risk management and mitigation

  • Identification of areas of improvement

  • Informed purchasing strategy